Grocery & Convenience Retail
For Sale
Contact for pricing
210 9th St, Glassport, PA 15045
For sale retail property operating as a grocery and convenience store with a stated 6.75% CAP.
Property Size14,648 SF
Price / SF$165.82
Days on Market185
Property Features for 210 9th St
General Information
Standard status
Active
Size
14,648 SF
Total Parking Spaces
64
Property subtype
Retail
Zoning
C
Occupancy
100%
Lease Type
NN
Net Operating Income
$170,000
Building Details
Year Built
2006
Tenancy
Single
Listing Agency:
SRS Real Estate Partners McLean
Listed By:
Andrew Fallon · License #PA RSR006585
(202) 286-1542
Source:
Crexi
Added: Mar 9
Changed: Sep 7
Last Checked: Sep 8 at 4:50AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SRS Real Estate Partners McLean
Investment Insights
Based on property information with market context.
This for-sale retail property is configured for a grocery and convenience store and is presented as an income-focused offering with a stated 6.75% CAP. The building totals 14,648 square feet.
The property is located at 210 9th St in Glassport, Pennsylvania (15045). It is offered for sale at an asking price of $2,519,000.
The listing data supports the property’s current retail grocery/convenience use and highlights its investment return metric, along with the overall building size.
The property is located at 210 9th St in Glassport, Pennsylvania (15045). It is offered for sale at an asking price of $2,519,000.
The listing data supports the property’s current retail grocery/convenience use and highlights its investment return metric, along with the overall building size.
Key Highlights
- Retail property built in 2006
- Total building size: 14,648 SF
- Operating as a grocery and convenience store
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$170,722
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.03%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,414,440
$3.4M
Cap Rate 7%
$2,438,886
$2.4M
Cap Rate 9%
$1,896,911
$1.9M
Market Conditions
NOI Build-Up for 14,648 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$263.7K $18.00/SF
− Vacancy
−$19.8K −$1.35/SF
EGI
$243.9K $16.65/SF
− OpEx
−$73.2K −$5.00/SF
NOI
$170.7K $11.66/SF
Area
Allegheny County, PA
Vacancy
7.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,414,440
Cap Rate 7%
$2,438,886
Cap Rate 9%
$1,896,911
Alternative Uses
Best Use
Retail
$2.44M
$2.13M – $2.85M
NOI $170,722 @ 7.0% cap · market cap 7.03%
Second Best
Specialty Retail
$2.08M
$1.82M – $2.42M
NOI $145,279 @ 7.0% cap · market cap 5.98%
Theoretical Best
Office A
$3.73M
$3.26M – $4.35M
NOI $261,175 @ 7.0% cap · market cap 10.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
248
Businesses Nearby
17k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar Tree
Shops & Services
7,618 visits/mo
0.1 miles
Family Dollar
Shops & Services
4,531 visits/mo
0.2 miles
Exxon
Shops & Services
3,028 visits/mo
0.5 miles
Huntington Bank
Shops & Services
1,446 visits/mo
0.3 miles
O'Reilly Auto Parts
Shops & Services
839 visits/mo
0.2 miles
Demographics for 15045, PA
4,475
Population
2,121
Households
2.1
Avg Household Size
40
Median Age
12%
College-Educated
87%
High-School Grad
1.6 sq mi
ZIP Area
2,797
Density / Sq Mi
$45,354
Median Household Income
$29,941
Median Earnings
$844
Median Rent
$82,400
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Grocery and convenience store - For sale retail property operating as a grocery and convenience store with a stated 6.75% CAP.
Where is this grocery and convenience store located?
The property is located at 210 9th St Glassport, PA.
What is the asking price?
The asking price for this property is $2,429,000.
What are key features of this property?
This property features: Retail property built in 2006; Total building size: 14,648 SF; Operating as a grocery and convenience store
